Europe
Hinduja bank reaffirms Swiss commitment, plans investment
Geneva-headquartered Hinduja Bank, part of India’s giant Hinduja Group, said it plans to grow and strengthen its operations in Switzerland.
ANALYSIS: Italy now the real threat not Brexit
The Italian constitutional reform referendum this autumn will, or rather should, cause European investors to hold their breath more anxiously than they did on the morning of 24 June.
Alternatives | 2 Sep 16
Cayman Islands on Italy’s whitelist, targets European growth
The Cayman Islands has been added to Italy’s “good tax governance” whitelist, marking a positive step forward for the islands’ financial services industry in Europe, according to Jude Scott, chief executive of Cayman Finance.
MEPs reject ‘misleading’ Priips rules, may push back start date
A key committee in the European Parliament has rejected the proposed technical standards regulation for the EU’s Packaged Retail and Insurance-based Investment Products (Priips), paving the way for a possible delay to its implementation.
Best Practice | 1 Sep 16
EU eyes Solvency II cut that would push up life insurance costs
European Union policymakers are considering whether to slash the benchmark used by insurers to calculate the value of billions of euros of liabilities – a move that would push up the cost of life insurance.